Each district receiving a loan from the revolving fund shall submit a statement describing the current status of the loan and, if the loan was used to purchase equipment, the use and operation of that equipment during the year. A conservation district shall submit its statement and proof of insurance coverage to the commission together with the annual financial statements as required by § 12:03:03:02(7).

Source: 11 SDR 59, effective October 29, 1984; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 21 SDR 90, effective November 14, 1994 ; 49 SDR 48, effective November 23, 2022 .

General Authority: SDCL 38-8-53 .

Law Implemented: SDCL 38-8-53 .

Prior versions effective: 1994-11-14.